The RMR Group (RMR) Cash Flow: Operating & Free Cash Flow

The RMR Group (RMR) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), The RMR Group generated $75.75M of operating cash flow and spent $3.65M on capital expenditures. That left free cash flow of $72.10M, up 25.4% from $57.51M a year earlier, or 10.3% of revenue. It returned $31.25M to shareholders through $30.35M in dividends and $903.00K in share buybacks.

The RMR Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for The RMR Group Inc. (RMR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	38.68	53.13	127.77	77.47	81.01	66.33	169.04	217.43	108.67
Depreciation & Amortization	11.55	4.71	1.10	0.99	0.97	0.97	1.02	1.25	2.04
Deferred Income Tax	1.98	3.06	-1.11	1.56	5.23	1.83	0.00	19.82	0.28
Stock Based Compensation	3.80	0.00	13.43	10.85	4.12	0.00	11.41	11.77	7.73
Change in Working Capital	11.76	-5.64	-8.21	8.58	-9.11	-1.03	2.66	-3.89	3.62
Change in Accounts Receivable	-14.36	-14.36	-6.58	-18.72	-4.28	10.40	-64.85	-3.74	-0.37
Change in Inventory	0.00	0.00	0.00	18.72	0.00	0.00	64.85	0.00	0.00
Change in Accounts Payable	-40.67	10.20	0.00	26.65	-2.68	-3.57	70.00	3.14	6.39
Change in Other Working Capital	4.67	-1.48	-1.63	12.84	-2.14	-7.86	-67.35	-7.04	-2.77
Other Operating Activities	4.67	6.12	-23.77	12.84	-5.21	9.40	14.76	-11.24	11.06
Net Cash from Operating Activities	75.75	61.38	109.22	101.27	71.79	77.50	198.21	228.47	125.94
Investing Activities
Capital Expenditures	-3.65	-3.87	-3.98	-1.12	-1.14	-0.60	-0.70	-0.65	-0.83
Acquisitions	-11.90	-78.98	0.00	-9.47	0.00	-5.32	-14.03	0.00	-12.00
Purchases of Investments	-1.95	0.00	0.00	-9.47	0.00	0.00	-28.25	0.00	0.00
Sales/Maturities of Investments	3.00	0.00	53.48	18.94	0.00	0.00	14.22	0.00	0.00
Other Investing Activities	-166.00	-126.99	0.00	-9.47	0.00	0.00	14.03	0.00	-12.00
Net Cash from Investing Activities	-183.86	-209.84	49.50	-10.59	-1.14	-5.92	-14.73	-0.65	-12.83
Financing Activities
Debt Repayment	-2.16	88.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-0.90	-1.14	-0.73	-0.55	-0.83	-0.52	-0.83	-0.99	-0.36
Dividends Paid	-30.35	-28.42	-26.58	-25.73	-139.78	-24.79	-22.73	-16.17	-16.09
Other Financing Activities	-36.55	-36.52	-52.50	-35.15	-139.86	-35.05	-58.24	-62.45	-53.85
Net Cash from Financing Activities	28.81	22.07	-79.81	-61.43	-280.48	-60.36	-81.80	-79.61	-70.30
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	0.00	0.00	-0.09	-0.01	0.00
Net Change in Cash	-79.30	-126.39	78.90	29.25	-209.83	11.22	101.60	148.21	42.81
Cash at Beginning of Period	141.60	267.99	189.09	159.84	369.66	358.45	256.85	108.64	65.83
Cash at End of Period	62.30	141.60	267.99	189.09	159.84	369.66	358.45	256.85	108.64
Free Cash Flow	72.10	57.51	105.23	100.15	70.65	76.90	197.51	227.82	125.11
Supplemental Disclosures
Interest Paid	6.40	0.37	-	-	-	-	-	-	-
Income Taxes Paid	5.74	9.14	21.23	9.56	10.05	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About The RMR Group Cash Flow

What is The RMR Group's free cash flow?

The RMR Group generated free cash flow of $72.10M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $75.75M minus $3.65M of capital expenditures. That was up 25.4% from $57.51M a year earlier. Free cash flow equaled 10.3% of revenue.

How much does The RMR Group spend on capital expenditures?

The RMR Group spent $3.65M on capital expenditures in fiscal 2025, compared with $3.87M a year earlier. That equals 4.8% of operating cash flow.

Does The RMR Group pay dividends or buy back shares?

Yes. In fiscal 2025 The RMR Group returned $30.35M in dividends and $903.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition